We develop a micro-founded framework for accounting for individuals' effort and cognitive noise which confound estimates of preferences based on observed behavior. Using a largescale experimental dataset we estimate that failure to properly account for decision errors due to (rational)...

Behavioral biases often lead to suboptimal decisions, a vulnerability that extends to policymakers who operate under conditions of fatigue, stress, and time constraints and with significant implications for public welfare. While behavioral economics offers strategies like default adjustments to...

We consider the problem of repeatedly choosing policies to maximize social welfare. Welfare is a weighted sum of private utility and public revenue. Earlier outcomes inform later policies. Utility is not observed, but indirectly inferred. Response functions are learned through experimentation....

We consider the problem of repeatedly choosing policies to maximize social welfare. Welfare is a weighted sum of private utility and public revenue. Earlier outcomes inform later policies. Utility is not observed, but indirectly inferred. Response functions are learned through experimentation....

This research examines the development and evaluation of an optimization framework for the strategic deployment of financial resources in microfinance initiatives in Barranquilla, Colombia. The framework incorporates an array of variables, including market dynamics, institutional elements,...

Current research often relies on narrowly focused experimental methods that address just a few independent variables or correlational designs, despite calls for future research to take big-picture perspectives that offer real-world applicability and causal evidence. This disparity likely...

This research examines the development and evaluation of an optimization framework for the strategic deployment of financial resources in microfinance initiatives in Barranquilla, Colombia. The framework incorporates an array of variables, including market dynamics, institutional elements,...

We develop a micro-founded framework for accounting for individuals' effort and cognitive noise which confound estimates of preferences based on observed behavior. Using a largescale experimental dataset we estimate that failure to properly account for decision errors due to (rational)...

Behavioral biases often lead to suboptimal decisions, a vulnerability that extends to policymakers who operate under conditions of fatigue, stress, and time constraints and with significant implications for public welfare. While behavioral economics offers strategies like default adjustments to...

We consider the problem of repeatedly choosing policies to maximize social welfare. Welfare is a weighted sum of private utility and public revenue. Earlier outcomes inform later policies. Utility is not observed, but indirectly inferred. Response functions are learned through experimentation....

We consider the problem of repeatedly choosing policies to maximize social welfare. Welfare is a weighted sum of private utility and public revenue. Earlier outcomes inform later policies. Utility is not observed, but indirectly inferred. Response functions are learned through experimentation....

Purpose Considering the ongoing discourse on diversity, equity and inclusion, brands aim to develop marketing campaigns that demonstrate respect for all individuals. Despite these intentions, many advertisements still provoke strong negative reactions from consumers due to brand transgressions...

The functioning of representative democracy depends on a "responsible electorate" that rewards and punishes parties according to their promises. Holding representatives accountable is the only way for voters to keep control over the government. This article draws on the normative assumption of...

All around the world, school-entry cohorts are organized on an annual calendar so that the age of students in the same cohort differs by up to one year. It is a well-established finding that this age gap entails a consequential (dis)advantage for academic performance referred to as the relative...

The subject of this work is random coefficient regression models with only one observation per observational unit (individual). An analytical solution in form of optimality conditions is proposed for optimal designs for the prediction of individual random effect for a group of selected...

Using data from two representative and large-scale population surveys with more than 4000 participants, we investigate the effect of randomized priming interventions on attitudes towards immigrants. We document robust null effects of these interventions under two experimental settings, across...

We evaluate the effects of an online self-assessment tool on teachers' competencies and beliefs about ICT in education. The causal impact of the tool is evaluated through a randomized encouragement design, involving 7,391 lower secondary teachers across 11 European countries. Short-run impact...

We challenge the standard definition of economic rationality as consistency by making use of a novel distinction between axioms of decision theory: consistency and preference axioms. We argue that this distinction has been overlooked by the literature and, as a result, evidence that consistency...

We evaluate the effects of an online self-assessment tool on teachers' competencies and beliefs about ICT in education. The causal impact of the tool is evaluated through a randomized encouragement design, involving 7,391 lower secondary teachers across 11 European countries. Short-run impact...

Using data from two representative and large-scale population surveys with more than 4000 participants, we investigate the effect of randomized priming interventions on attitudes towards immigrants. We document robust null effects of these interventions under two experimental settings, across...

The management of marketing and communication strategies involves a complex mix of different requirements, particularly for social enterprises, which try to fulfill both social and business aims while operating in a resource-constrained context. Although social enterprises are a rising...

We challenge the standard definition of economic rationality as consistency by making use of a novel distinction between axioms of decision theory: consistency and preference axioms. We argue that this distinction has been overlooked by the literature and, as a result, evidence that consistency...